Clarion Countys Promise Inc

Analysis

Clarion Countys Promise Inc is a registered charity in United States, based in Clarion, PA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clarion Countys Promise Inc reported income of $212k and spending of $222k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $303k to $212k (-30%), an average of -11% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clarion Countys Promise Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Open Doors to Future Possibilities Inc ($212k), Global Help Initiative Inc ($212k) and Glacc Inc ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $137k. At year end it held assets of $32k against liabilities of $44k, net assets of -$12k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.